At stake is the potentially millions of dollars in home equity that homeowners have lost when buyers of their delinquent taxes get ownership of the property. Also at stake is the future of the tax sale system itself, since the high court’s ruling. Wirepoints’ Mark Glennon on AM560: Why We Need to “Relentlessly” Make the Blue State-Red State Case
November 5, 2026
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Glennon raised the stakes of the moment in broader civilizational terms: “This election in Illinois is not about the usual pedestrian issues… it’s about nothing less than whether Western civilization survives in our democratic republic of America because [the left], just on the open border alone, will destroy the country, and now they’re bringing in the jihadists, frankly, into the party.” Audio and summary linked here.Audio and summary linked here.
New Trier High School made national headlines nine years ago as a “canary in a coal mine” for political indoctrination in public schools. The canaries lived.
Among the consequences of economic growth that badly lags national averages are billions of lost revenue every year. Yet denial reigns in Illinois, fueling the vicious cycle of demand for higher taxes.
When a bank forecloses on a property, there is a myriad of actions that must be taken, ie court dates, formal filings, communications with the borrower, etc. in order to try to find a financial situation that will allow repayment. More importantly, any surplus proceeds after paying off the mortgage balance and repairs needed, sales costs, legal fees, etc. are returned to the borrower. If the IL general assembly enforces these banking rules, why would this not be applicable to tax sales? This seems ripe for corruption when an investor can come in a buy a property at potentially pennies… Read more »
Mostly corruption, preying on the weak. This is JB’s IL.
There is definitely corruption when a buyer or bank gets to keep any equity.
I would think a lien on the property till sold should be good enough.